Looking to balance out your exposure to UFPI? The ETFs below have the lowest correlation with UFPI — they tend to move on their own, which can help reduce risk when UFPI drops. The stock ideas table highlights individual companies that behave independently from UFPI.
Best Diversifiers for UFPI
2 ETFs have low correlation with UFPI (below 0.3), 0 of which are negatively correlated. The least correlated is State Street Energy Select Sector SPDR ETF (XLE) (Energy Equities) with a 1Y correlation of 0.01, down from 0.31 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street Energy Select Sector SPDR ETF | 0.01 | 0.24 | 0.31 | 63 | Energy Equities | UFPI vs XLE | |
| Invesco QQQ ETF | 0.17 | 0.32 | 0.40 | 73 | Nasdaq-100 | UFPI vs QQQ | |
| Vanguard S&P 500 ETF | 0.34 | 0.48 | 0.56 | 70 | S&P 500 | UFPI vs VOO | |
| State Street SPDR S&P 500 ETF | 0.34 | 0.49 | 0.56 | 70 | S&P 500 | UFPI vs SPY | |
| Schwab U.S. Dividend Equity ETF | 0.53 | 0.61 | 0.64 | 80 | Dividend | UFPI vs SCHD |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from UFPI, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to UFPI and solid risk/return profiles. The least correlated is NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of 0.03, down from 0.30 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | 0.03 | 0.16 | 0.30 | 78 | Technology | |
| NexGen Energy Ltd. | 0.05 | 0.15 | 0.26 | 79 | Energy | |
| Eli Lilly and Company | 0.09 | 0.12 | 0.13 | 72 | Healthcare | |
| Coca-Cola Consolidated, Inc. | 0.12 | 0.16 | 0.28 | 80 | Consumer Defensive | |
| InterDigital, Inc. | 0.13 | 0.28 | 0.36 | 51 | Communication Services |
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